TIDMFAL
RNS Number : 7726L
Falcon Media House Limited
24 July 2017
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN.
24 July 2017
Falcon Media House Limited
("Falcon", the "Group" or the "Company")
MoU Signed with LaserNet Group to Target OTT Opportunities
Across Africa
Falcon Media House (LSE:FAL), the global digital media group
focused on the over-the-top ('OTT') market, has signed an
Memorandum of Understanding ('MoU') with LaserNet Group
('LaserNet'), experts in digital and broadcast technologies with
headquarters in Cape Town, South Africa, to deliver OTT services to
millions of users across Africa.
The MoU, signed through Falcon's Quiptel subsidiary, envisages a
partnership that will enable the Company to offer its Q-Flow
powered OTT platform to LaserNet, which will create integrated
platform offers to telcos and mobile operators and provide hosted
streaming services to independent content owners. The LaserNet team
combines many years of experience in the evolving media and
technology industries, with the expertise and geographic location
to realise the burgeoning opportunities for new OTT services across
Africa.
Going beyond traditional network limitations, the Quiptel Media
Platform ('QMP') delivers flawless streams using its patented
Q-Flow technology. Designed to overcome the challenges of congested
and slow connections to deliver content to the end user using the
most efficient and cost-effective route, it enables seamless
streaming over even the most challenging networks and mobile
conditions. Rather than investing in hardware and laying new
network cables, the joint solution will enable broadcasters and
cable companies to increase their market share with a lower capital
expenditure. Q-Flow provides a unique win:win solution for both the
OTT Operator and their end users alike.
Gert Rieder, Chief Executive Falcon Media House, commented,
"We're excited to partner with a highly established business like
LaserNet, which recognises that content delivery via OTT platforms
represent the future beyond broadcasting. LaserNet has a huge
established contact network including many of the leading telco,
media and broadcast companies in the region and we're looking
forward to working with them to deliver a world class service using
QMP & Q-Flow, which will help their customers to grow in a
cost-efficient manner, avoiding the huge costs of building
infrastructure. More than half a billion people across Africa now
subscribe to mobile services, with the number expected to grow to
725 million by 2020 - and these are the defacto devices used to
consume content. We see this as a huge market to empower with a
great viewing experience through the combined solution with
LaserNet in the market."
Sandip Sarda, CEO Quiptel, said, "OTT players are thriving in
Africa, driven by smartphone penetration and the roll-out of 3G/4G
networks, but the challenge is still how to minimise the cost of
distribution and at the same time provide a great video streaming
experience. Our partnership with LaserNet will encourage
innovation, enable technology related training and empower African
start-ups across the content creation and production spectrum,
enabling them to reach across Africa as well as into other markets
like the US and Europe. Quiptel's technology provides a footprint
and access to those markets too as well as facilitating the digital
switchover, which is good for governments and citizens alike."
Ivan Bridgens, CEO LaserNet Group, said, "The explosion of the
smartphone market, and with it the increase in demand for streaming
video content, requires a robust and reliable OTT service both
inside and outside the home. For today's customers, it's essential
that the quality of experience can be relied upon. Quiptel
represents the future of the industry, with Q-Flow, a game changing
technology and a deep understanding of consumer needs. This
partnership will enable a platform for niche content owners to
showcase their content."
**ENDS**
For more information visit www.falconmediahouse.com or enquire
to:
Falcon Media House Limited info@falconmediahouse.com
Gert Rieder
St Brides Partners Ltd (PR)
Isabel de Salis / Olivia Vita +44 (0) 20 7236
/ Frank Buhagiar 1177
About Falcon Media House & Quiptel
Falcon Media House (LSE:FAL) is a multi-divisional, global
internet media group. It is building a new breed of media
entertainment house for the way people want to consume live and
on-demand video content. Its goal is to create an ecosystem where
great technology meets great entertainment ideas and finds the
right audience. The Group is capitalising on explosive demand for
digital video, streamed "live" and "on-demand" known as the
Over-The-Top (OTT) video streaming market. Falcon Media House
operates three distinct and synergistic divisions:
-- Technology Division: Powered by Quiptel's innovative patented
technology enabling "intelligent streaming" (aka Q-Flow) on any
network to any device, dramatically improving QoS & QoE and
'bridging the last mile'.
-- OTT Distribution Division: Providing a white label OTT
service, supporting brands and content creators in bringing unique
and exclusive content to a global audience.
-- Content Division: Specialist media and production company to
produce content for own and third-party broadcast distribution.
About LaserNet Group
LaserNet Group has multiple companies and divisions serving
cloud technical media services to the industry. It is growing its
cloud media services to take the technology headache away from the
creative process, for the producers and content owners to focus on
creating their content, utilising its cloud production services,
after which LaserNet's other cloud services also provide additional
facilities to archive, process, manage, deliver and monetise their
content worldwide.
Its latest cloud service will capitalise on the growing OTT and
live streaming market. It has deployed services that enable content
owners to get their content out to the market in a structured
creative way. Its new cloud OTT technical services will enable
content owners to present and monetise their content across the
globe. http://www.lasernet.co.za/.
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCOKDDPKBKDAOB
(END) Dow Jones Newswires
July 24, 2017 02:00 ET (06:00 GMT)
Falcon (LSE:FAL)
Historical Stock Chart
From Apr 2024 to May 2024
Falcon (LSE:FAL)
Historical Stock Chart
From May 2023 to May 2024